2021-181 Analytical Support to Deliver Price Cap Update

In 2018 the Domestic Gas and Electricity (Tariff Cap) act was passed. The Act sets out the framework for a temporary cap on domestic energy standard variable tariffs (SVTs) and default tariffs. It also sets out that Ofgem is responsible for developing and implementing the methodology for setting the level of the cap. Ofgem introduced the methodology for setting the cap via licence conditions in November 2018, and the cap came into force on 1 January 2019. Support is required by Ofgem to provide resource to deliver...